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Chile con Chicago: A Review Essay

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  • William J. Barber

Abstract

In this article, the book written by Juan Gabriel Valdes - entitled "Pinochet's Economists: The Chicago School in Chile" - serves as a point of departure. Valdes's account of the way in which University of Chicago economists came to be linked with the Catholic University in Chile in the mid-1950s is summarized, as is his characterization of the manner in which Chilean "Chicago Boys" subsequently won control of the economics faculty there. The centerpiece of Valdes's story is the behavior of the "Chicago Boys" in restructuring Chile's economy in the service of General Pinochet's military dictatorship (1973-89). The article concludes that Valdes's treatment of two additional themes - the cross-cultural transmission of economic ideas and the capacity of Chicago School economists to accommodate to authoritarian regimes - calls for qualification.

Suggested Citation

  • William J. Barber, 1995. "Chile con Chicago: A Review Essay," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1941-1949, December.
    • Handle: RePEc:aea:jeclit:v:33:y:1995:i:4:p:1941-1949
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    Cited by:

    1. Caplan, Bryan, 2003. "The idea trap: the political economy of growth divergence," European Journal of Political Economy, Elsevier, vol. 19(2), pages 183-203, June.
    2. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.
    3. George DeMartino, 2013. "Professional Economic Ethics: Why Heterodox Economists Should Care," Economic Thought, World Economics Association, vol. 2(1), pages 1-4, April.
    4. Ian Coelho De Souza Almeida, 2018. "The ?Chicago Boys? Intellectual Transfer: A Gramscian Interpretation," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 16, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Csaba, László, 1999. "A rendszerváltozás elmélete és/vagy a közgazdaságtan kudarca? [The theory of systemic change and/or the fiasco of economics?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-19.
    6. Andrew Farrant, 2019. "What Should (Knightian) Economists Do? James M. Buchanan's 1980 Visit to Chile," Southern Economic Journal, John Wiley & Sons, vol. 85(3), pages 691-714, January.

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